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Updated over 6 years ago on . Most recent reply

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Trace A.
  • Rental Property Investor
  • Raleigh, NC
7
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11
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Going against the grain for a new investor on internet forums

Trace A.
  • Rental Property Investor
  • Raleigh, NC
Posted

I never actually thought I would be the person sitting on the other side of a keyboard typing into a internet forum. I've always taken a reserved stance against the idea of spilling your guts over the internet about business, personal, or emotionally related topics with people you will more than likely will never really know. I've always found it easier and more comfortable to make connections through face to face interactions.  I am sure many of you have been in my shoes, and have felt the same way at one point or another.  But, I stand before you (actually I sit before you) today in shock and awe of how easy it has been to write this post. Therefore I have decided to put myself in an unfamiliar space in order to reach outside of the proverbially box, and make new connections, and market myself to a whole community that I have yet to take advantage of all of the benefits, resources, and knowledge that can be gained from doing so. So BiggerPockets, here I am. I am looking to venture into the central North Carolina real estate market as a buy and hold investor. My self proclaimed niche is multifamily properties, but they seem to be a dime a dozen right now in and around the Raleigh-Durham area, therefore I like to keep my options open into SFH realm as well. As a licensed structural engineer I am very savvy with the building codes, inspections departments, contractor awareness, and structural design which gives me an unfair advantage with any construction that may need to be completed. I look forward to hearing from you all!

Most Popular Reply

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44,059
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
65,107
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44,059
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied
Originally posted by @Grant Rothenburger:
Originally posted by @Trace A.:

Thank you @Grant Rothenburger! Flipping houses is something I definitely would be interested in if I had more time. Working a full time 50+ hour W-2 job doesn't give me a ton of extra time to be accessible during the day. Now, once I am able to produce enough capital from rentals, I will quit my full time W-2 job, and definitely venture into the flipping 100% of the time. I do agree that my skill set would definitely be more beneficial in the flipping arena.

 Solid plan

Just saturday Morning musing..  However the few years i have been on BP I see this same thought process over and over and over.. I dont like my job.. being a landlord will set me free etc etc..  

I just wonder if everyone could implement this strategy. to the point they had enough rentals to live on .. I doubt there would be enough rentals in the US to satisfy demand.. and there for prices would sky rocket.   Kind of like the guys that teach flipping courses if each one of their class's were they get hundreds of folks in there and thousands who are interested. there simply is not enough real estate to come close to satisfy those numbers of peeps that want it or dream it.. 

And since other than new apartments which are all A class and go to basically big hedge funds.. in the SFR space very few homes get built for rental purposes so the existing inventory is all there is.. they aint making any more.. LOl that creates supply demand.

And that is why prime areas were supply is tight houses cost an arm and a leg and then in other areas were you have populations contracting prices are or have been flat or declining..   Just some thoughts thats all

OP welcome to the site.. good luck on your ventures.

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JLH Capital Partners

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